The depreciating rupee value, the volatile Indian realty market, attractive NRI schemes and the fanaticism to own a property in India have all contributed to an increasing number of NRI property investments. FEMA (Foreign Exchange Management Act), which falls under the purview of Reserve Bank of India (RBI) was introduced in the year 1999 to …
Sections of developers and home buyers are disappointed that the authority is acting more like another urban civic body rather than learning from KERC. BENGALURU: When the state government set up the Karnataka Real Estate Regulatory Authority (KRERA), it came as a bundle of relief for home buyers. But three months into its functioning, the regulator appears to …
CHENNAI: Cracking the whip on illegal constructions, the Chennai Metropolitan Development Authority (CMDA) on Friday sealed three multi-storey buildings in George Town area. While two of the the ground-plus-two-floor buildings that faced the axe are at Anna Pillai Street, the third is at Coral Merchant Street in Mannady. “These buildings got approvals for certain number …
Chennai devpt body seals three buildings that violated rules in George Town Read More »
CHENNAI: If you are looking for an apartment within Rs 25 lakh in Chennai, then this may not be the ideal time for house hunting. According to a report, more housing units opened up in the high-end segments than in any other category in Chennai and its suburbs, and no new affordable housing project was …
High-end apartment launches grow 5 times in Chennai this year, mid-level units see drop Read More »
Bengaluru: Ravishankar (name changed) and his wife were on top of the world when they recently started living in their newly purchased apartment. A 2-BHK house for Rs. 45 lakh sounded like a good deal, for which they obtained a bank loan too, all facilitated by the builder. But their happiness was shortlived. “We were …
Buyers grab flats for low rates but sans occupancy certificate Read More »
